99% of Americans will be financially worse-off than they were pre-pandemic by mid-2024, JPMorgan says

The majority of Americans have burned through their excess savings piled up during the COVID-19 pandemic, and in the coming months, JPMorgan says it is likely that almost everyone will be worse off financially than they were in 2019. In a Thursday note, the bank's top stock strategist Marko Kolanovic said 80% of consumers...